Duoconstruct: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Duoconstruct
Largest movements
- Cash -€105,603
down €105,603 (-93.2%), from €113,271 to €7,667
mainly Net result for the year (-€124,722) and Receivables within one year (-€88,258)
- Receivables within one year +€88,258
up €88,258 (+905.2%), from €9,751 to €98,009
of which Other amounts receivable: +€88,615
- Stocks and contracts -€12,315
down €12,315 (-16.7%), from €73,888 to €61,573
- Tangible fixed assets -€7,289
down €7,289 (-14.3%), from €51,023 to €43,734
- Profit (loss) carried forward -€124,722
down €124,722 (-44.7%), from €279,016 to €154,293
- Accrued charges and deferred income +€92,150
up €92,150 (+4358.8%), from €2,114 to €94,264
- Short-term financial debts +€79,214
new in 2025: €79,214
- Tax, wage and social debts -€56,606
down €56,606 (-88.0%), from €64,306 to €7,700
- Trade debts -€28,880
down €28,880 (-66.0%), from €43,750 to €14,870
- Gross operating margin -€68,541
down €68,541, from €47,378 to -€21,163
- Taxes -€7,700
down €7,700 (-100.0%), from €7,700 to €0
- Depreciation -€7,589
down €7,589 (-51.0%), from €14,877 to €7,289
- Financial income -€5,217
down €5,217 (-68.2%), from €7,648 to €2,431
- Other operating charges +€898
up €898 (+30.2%), from €2,976 to €3,874
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,486 | €419,642 | -€38,844 | -8.5% |
| Fixed assets | 21/28 | €251,023 | €243,734 | -€7,289 | -2.9% |
| Tangible fixed assets | 22/27 | €51,023 | €43,734 | -€7,289 | -14.3% |
| Land and buildings | 22 | €51,023 | €43,734 | -€7,289 | -14.3% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €207,464 | €175,908 | -€31,555 | -15.2% |
| Stocks and contracts in progress | 3 | €73,888 | €61,573 | -€12,315 | -16.7% |
| Stocks | 30/36 | €73,888 | €61,573 | -€12,315 | -16.7% |
| Amounts receivable within one year | 40/41 | €9,751 | €98,009 | +€88,258 | +905.2% |
| Trade receivables | 40 | €9,751 | €9,394 | -€357 | -3.7% |
| Other amounts receivable | 41 | €0 | €88,615 | +€88,615 | |
| Cash at bank and in hand | 54/58 | €113,271 | €7,667 | -€105,603 | -93.2% |
| Deferred charges and accrued income | 490/1 | €10,555 | €8,659 | -€1,896 | -18.0% |
| Total equity and liabilities | 10/49 | €458,486 | €419,642 | -€38,844 | -8.5% |
| Equity | 10/15 | €348,316 | €223,593 | -€124,722 | -35.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,016 | €154,293 | -€124,722 | -44.7% |
| Amounts payable | 17/49 | €110,171 | €196,049 | +€85,878 | +77.9% |
| Amounts payable within one year | 42/48 | €108,057 | €101,785 | -€6,272 | -5.8% |
| Financial debts | 43 | - | €79,214 | +€79,214 | |
| Credit institutions | 430/8 | - | €79,214 | +€79,214 | |
| Trade debts | 44 | €43,750 | €14,870 | -€28,880 | -66.0% |
| Suppliers | 440/4 | €43,750 | €14,870 | -€28,880 | -66.0% |
| Taxes, remuneration and social security | 45 | €64,306 | €7,700 | -€56,606 | -88.0% |
| Taxes | 450/3 | €64,306 | €7,700 | -€56,606 | -88.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,114 | €94,264 | +€92,150 | +4358.8% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,877 | €7,289 | -€7,589 | -51.0% |
| Other operating charges | 640/8 | €2,976 | €3,874 | +€898 | +30.2% |
| Non-recurring operating charges | 66A | €4,966 | €91,032 | +€86,066 | +1733.2% |
| Gross operating margin | 9900 | €47,378 | -€21,163 | -€68,541 | |
| Operating profit (loss) | 9901 | €24,559 | -€123,358 | -€147,917 | |
| Financial income | 75/76B | €7,648 | €2,431 | -€5,217 | -68.2% |
| Recurring financial income | 75 | €7,648 | €2,431 | -€5,217 | -68.2% |
| Financial charges | 65/66B | €4,226 | €3,795 | -€431 | -10.2% |
| Recurring financial charges | 65 | €4,226 | €3,795 | -€431 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €27,980 | -€124,722 | -€152,702 | |
| Income taxes | 67/77 | €7,700 | €0 | -€7,700 | -100.0% |
| Profit (loss) for the period | 9904 | €20,280 | -€124,722 | -€145,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,280 | -€124,722 | -€145,002 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.